Expenses Are Increases in Retained Earnings That Result from Operations

question 169

True/False

Expenses are increases in retained earnings that result from operations.

---

Definitions:

Processing Unit

A component in a computer that interprets and executes instructions; often referred to as the central processing unit (CPU).

A Register

An A register, often referred to in the context of assembly language and computer architecture, typically stands for an accumulator register, used in arithmetic and logic operations.

Storage Class

A classification in programming that determines the lifetime and scope of variables or functions.